Boole's inequality is a rule that helps us figure out how the probability of different events happening at the same time relates to the probability of each event happening separately.
Let's say you have two events A and B, and the probability of A happening is 0.7, while the probability of B happening is 0.5. Boole's inequality tells us that the probability of either A or B happening is always less than or equal to the sum of their individual probabilities.
To put it another way, if we want to find the probability of A or B happening, we can add up the probability of A happening (0.7) and the probability of B happening (0.5). So the total probability would be 1.2, which is greater than 1. But Boole's inequality tells us that this can't be right – the probability of either A or B happening can't be more than 1 (because that means it's guaranteed to happen!), so we know we made a mistake.
The correct way to calculate the probability of either A or B happening is to subtract the probability of both events happening at the same time from the sum of their individual probabilities (0.7 + 0.5). This is because we don't want to count the probability of both events happening twice – once as part of the probability of event A, and once as part of the probability of event B.
So if we know that the probability of both A and B happening at the same time is 0.2, we can use Boole's inequality to find the probability of either A or B happening:
Probability of A or B = Probability of A + Probability of B - Probability of A and B
= 0.7 + 0.5 - 0.2
= 1.0
And there we have it! The probability of either event A or event B happening is 1.0, which means it's certain to happen.
Remember, Boole's inequality is just a rule of thumb – in some cases, the probability of either event A or event B happening might be more or less than the sum of their individual probabilities. But in general, if we want to find the probability of either event A or event B happening, we can use Boole's inequality to help us.